Suspension assemblies are one of the critical components in a hard drive, as they move the read-write head (the tip of the "needle" you see in hard drive internals), and must be spectacularly precise in both manufacturing and functionality, especially considering the magnetic density of contemporary hard drive platters. It's rather mesmerizing to watch them at work .
The price-fixing scheme allegedly ran from January 2003 to December 31, 2016, raising hard drive manufacturing prices, which were then passed on to customers. As with most class-action lawsuits, end users have the option to drop from the class action and pursue separate legal action against the suspension makers, or stay in it and hope for a cheque at the end of the proceedings. There's a dedicated website for anyone who wants to opt out, an action that can be taken until August 23, 2026.
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Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/pc-components/hdds/SPONSORED_LINK_URL
- https://www.tomshardware.com/pc-components/hdds/class-action-price-fixing-lawsuit-targets-hard-drive-component-makers-as-costs-skyrocket-13-year-scheme-allegedly-drove-up-prices-for-major-hdd-brands#main
- https://www.tomshardware.com/subscription
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Informational only. No financial advice. Do your own research.